$1 Billion Diamond Sale May Be Too Much Too Soon for Hurt Miners

  • De Beers, Alrosa sold more than market expected last month
  • That `exuberance' will be hard to maintain, Lucara CEO says

Miners work in an underground tunnel inside the OAO Alrosa diamond mine in Udachny, Sakha Republic, Russia.

Photographer: Andrey Rudakov/Bloomberg

The world’s two biggest diamond miners just sold $1 billion worth of gems and it’s making smaller rivals nervous.

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